Nigerian Banks Earn N9.88tn Despite CBN Policy Changes

Five major banks in Nigeria—Zenith Bank Plc, Wema Bank Plc, Stanbic IBTC Holdings Plc, Ecobank Transnational Incorporated, and Guaranty Trust Holding Company Plc—posted a total interest income of N9.88 trillion for the year 2025, marking a 27.7% increase from N7.74 trillion in 2024. Zenith Bank led with N3.67 trillion, a 35% rise from the previous year, followed by Ecobank with N3.19 trillion and GTCO with N1.65 trillion, a 23% increase.

Stanbic IBTC recorded N787.05 billion, representing a 39% rise, while Wema Bank reported N576.07 billion, a sharp 62.4% increase year-on-year. Despite the Central Bank of Nigeria (CBN) reducing its monetary policy rate to 27% to stabilize inflation and the naira, high interest rates continue to drive bank earnings from loans and investments.

The average maximum lending rate slightly moderated to 29.32% in December 2025 from 29.71% the previous year. CBN Governor Yemi Cardoso acknowledged ongoing inflationary pressures and expressed optimism about government reforms aimed at boosting local production.